Cohen & Co Inc. — Director's Dealing 2010

Mar 29, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: COHEN & Co INC. (COHN)
CIK: 0001270436
Period of Report: 2009-12-24

Reporting Person: Ricciardi Stephanie (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.001	357638	Direct
Common Stock, par value $0.001	1099496	Indirect
Common Stock, par value $0.001	11291	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Recapitalized Cohen Brothers Membership Units	$		Common Stock, par value $0.001 per share (268445)		Indirect

Footnotes

F1: These 11,291 shares of Cohen & Company Inc.'s (the "Company") common stock are held by The Christopher Ricciardi Irrevocable Annuity Retained Trust U/A/D January 16, 2008 (the "GRAT"). The GRAT benefits the reporting person's spouse.

F2: Each Cohen Brothers, LLC ("CB") membership unit is redeemable at the holder's option, at any time on or after June 16, 2010, for (i) cash in an amount equal to the average of the per share closing prices of the Company's common stock for the ten consecutive trading days immediately preceding the date the Company receives the holder's notice of redemption, or (ii) at the Company's option, one share of the Company's common stock, subject, in each case, to appropriate adjustment upon the occurrence of an issuance of additional shares of the Company's common stock as a dividend or other distribution on the Company's outstanding common stock, or a further subdivision or combination of the outstanding shares of the Company's common stock.